- The BlackRock iShares Bitcoin ETF (IBIT) has crossed $2 billion in assets under management (AUM), becoming the first spot bitcoin ETF to reach this milestone.
- IBIT gathered about $170 million on Thursday, purchasing nearly 4,300 additional bitcoin to bring its total holdings to 49,952 BTC.
- Fidelity’s Wise Origin Bitcoin Fund (FBTC) with nearly 44,000 BTC is likely to be the next spot bitcoin ETF to hit $2 billion AUM.
The BlackRock iShares Bitcoin ETF (IBIT) has become the first spot bitcoin ETF to reach $2 billion in assets under management (AUM). This milestone excludes Grayscale’s GBTC, which converted from a closed-end fund to a spot ETF with nearly $30 billion in AUM.
IBIT Reaches $2B AUM
Investors added about $170 million to IBIT on Thursday. The fund purchased nearly 4,300 additional bitcoin, bringing its total holdings to 49,952 BTC. With bitcoin’s price rising above $40,000 on Friday, IBIT’s AUM crossed the $2 billion threshold.
Now with over $2 billion in AUM, IBIT ranks third among all ETFs launched in the past year for asset gathering. ETF Store president Nate Geraci believes IBIT could soon become the top new ETF by AUM.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) is likely to be the next spot bitcoin ETF to reach $2 billion. As of January 25, FBTC held just under 44,000 BTC.
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Helene Braun is a news reporter at CoinDesk covering the criminal trial of Sam Bankman-Fried. She is a recent graduate of New York University’s business journalism program and has appeared on CBS News and Nasdaq Trade Talks. Helene holds BTC and ETH.
